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Tag Archives: tariffs

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World Trade Definitions

Business & EconomicsBy William Anderson (Schoolworkhelper Editorial Team)August 7, 2010Leave a comment

Austrian School (also Vienna School): A school of economics that emphasizes free markets, individual property rights, and freedom of association. It also calls for the abolition of central banks and a return to the gold standard. The school is based on principles postulated by the Austrian economist Carl Menger in the late 19th century. Boom…

The Stock Market Crash

HistoryBy William Anderson (Schoolworkhelper Editorial Team)June 27, 2010Leave a comment

The good life came to an abrupt end in the late 1920s. Here are some of the reasons why: Overproduction of goods, especially in the US. The US raised its tariffs on imported goods, which made Canadian goods undesirable in their large market. Britain and other European countries also increased tariffs. Too much competition in…

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